Bid Description
RI Housing and Mortgage Finance Corporation
Bid Number:Public Housing Authority Fund RFP
| Description |
| RIHousing is pleased to announce the opening of a competitive funding round for multiple sources of financing to assist Public Housing Authorities (“PHA”) and/or their affiliated entities with increasing the supply of affordable housing and stabilizing existing affordable housing. The source for the Public Housing Authority Fund (“PHA Fund”) is State and Local Fiscal Recovery Funds (“SLFRF”) funded through the American Rescue Plan Act of 2021 (“ARPA”).
These funds are intended for use as follows:
• To support the creation of new units;
• To fund rehabilitation associated with transitioning an existing portfolio or project to
a more stable financial model;
• To fund technical assistance to PHAs to assist in evaluating the opportunity to create
new units and/or transition its portfolio to a more stable financial model; and
• To fund predevelopment activities associated with the creation of new units.
Applications will be accepted on a rolling basis for the Technical Assistance and Predevelopment Grants.
Applications for the Development Funds will be due by 4:00 PM on June 30, 2023. |
